M&T Bank Corp Purchases 1,632,754 Shares of Lam Research Corporation $LRCX

M&T Bank Corp grew its position in Lam Research Corporation (NASDAQ:LRCX) by 1,925.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,717,551 shares of the semiconductor company’s stock after acquiring an additional 1,632,754 shares during the quarter. Lam Research accounts for 0.9% of M&T Bank Corp’s portfolio, making the stock its 20th largest holding. M&T Bank Corp’s holdings in Lam Research were worth $294,010,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of LRCX. Brighton Jones LLC raised its position in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Caxton Associates LLP bought a new position in Lam Research during the 1st quarter worth $239,000. Gabelli Funds LLC bought a new position in Lam Research during the 2nd quarter worth $253,000. NewEdge Advisors LLC raised its position in Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. raised its position in Lam Research by 5,206.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 781 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several analyst reports. Zacks Research lowered Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Barclays raised their target price on Lam Research from $250.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 10th. Bank of America lifted their price objective on Lam Research from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Citigroup lifted their price objective on Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Citic Securities lifted their price objective on Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Twenty-seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $247.26.

Lam Research Stock Performance

Shares of LRCX opened at $258.37 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The stock has a 50-day moving average of $233.19 and a 200-day moving average of $196.10. The company has a market cap of $322.64 billion, a PE ratio of 52.94, a P/E/G ratio of 2.80 and a beta of 1.78. Lam Research Corporation has a one year low of $62.56 and a one year high of $273.50.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities research analysts predict that Lam Research Corporation will post 5.3 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research’s payout ratio is 21.31%.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. The trade was a 12.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 130,886 shares of company stock worth $29,658,802. Insiders own 0.31% of the company’s stock.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.